EVgo Inc reports results for the quarter ended September 30 - Earnings Summary

Evgo

12/11/2024 15:27

* EVgo Inc  EVGO.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -11 cents to 1 cents per share.
    * Revenue rose 92.4% to $67.54 million from a year ago;
analysts
expected $65.95 million. 
    * EVgo Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The company reported a quarterly loss of $11.71 million.
    * EVgo Inc shares had risen by 30.4% this quarter and
gained 50.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for EVgo Inc is $7.00
This summary was machine generated from LSEG data November 12 at
03:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.09          -0.11          Missed
 Jun. 30 2024      -0.09          -0.10          Missed
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      -0.19          -0.12          Beat